Finance chief Lei Wai Nong tells legislators that the measure was an extraordinary one, only designed to relieve financial difficulties faced by residents during the pandemic.
macao
Macao’s Tourist Price Index has registered a steep rise in the cost of tourist accommodation compared to the last quarter of 2022.
One official says the aim of the new tax guides to Portugal, Mozambique and Cabo Verde is to assist ‘companies in the process of going global’.
The exclusion of the right comes as a defiant riposte to a UN rights committee and the US State Department, both of which lambasted Macao’s inadequate labour laws earlier this year.
The global financial institution expects Macao to come roaring out of the pandemic and sustain double-digit growth into 2024.
A new report concludes that the slow approval process for foreign hires and post-pandemic competition for labour from other Asian resorts is harming the local gaming sector.
While higher than Macao’s top salaries tax rate, the special rate for qualified professionals working in Hengqin is considerably lower than mainland China’s.
Visitors to the territory over the long weekend don’t appear to have read the memo on Macao’s economic diversification.
Under a new scheme launched by the Guangdong authorities, locals are eligible to apply for thousands of official and semi-official positions.